I was told yesterday Sams has stopped all major projects with clubs. They were going to do two remodels in our market - completely stopped. In your markets have they stopped remodels? Not the ones that are in progress.. the new ones. If true, they are are not spending on growth.
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Well they sure have separated the pharmacys a lot. 2 different value list, two different ordering companys, now they take different insurance. Something is up for sure
The previous post is dead on. Sam’s went from booming like 10 years ago to being a train wreck just 10 years later. It was still pretty good until Roz took over. She was bad and Jon is even worse. Giselle isn’t really great either, I mean just look how ineffecient many clubs are ran. It will be interesting to see where Sams is in 5 years.
The board of directors don’t know how to make their stakeholders and shareholders gain more profits in their investments. They have placed bad leadership with a bad eye for business development for Sam’s. Bad business practice and bad choices in leaders. Keep taking pictures at Clubs to make a fake account of the burning of the business. While associates smile in these pictures they don’t know that the company is falling while these leaders are getting paid more than a regular associate will ever get in their career. First 5, really. Give me a high five instead of a raise or bigger bonuses for hourly I guess. I have looked at Amazon’s portfolio and Sam’s will never be there. Walmart needs to focus on Walmart and cut their losses with Sam’s. Trust me.
Sam's Club is too valuable for Walmart to sell. What roughly 12% of Walmart's total revenue comes from Sam's. Not to mention Walmart's infrastructure is too integrated into Sam's. Factor that in... Likely too costly to sell and too costly to close.
Of course Sam’s is for sale. That’s why sams closed all these clubs “Wal-Mart said enough, we are not going to fund you anymore and you have to be profitable”. Sam’s is draining Wal-Mart due to the poor leadership Sam’s has had .
I mean look at the stellar leadership Roz and John they are both losers that couldn’t run a lemonade stand let alone Sam’s club.
Sam’s club - a great company in 1983 and a trainwreck in 2018
If they ever wanted to sell Sam's Club, they shouldn't have put the stores on the same property as a Walmart store...Dumb move!
Yes, Walmart is buying them.
Amazon looking to buy!
Not necessarily if the buyers are Amazon, or one of the two Competing Clubs they have the channels of distribution. They are simply buying rights, real estate locations and taking the competition out. More likely the business would be taken Public through IPO. Greater return for Shareholders but not likely in either scenario. Too many poor locations competing with Competition. Far too costly a move.
They are not selling if they were to sell Sams Club they would have to have separate DC’s because those are shared with Walmart. Now if they were to build new DC’s just for Sams then you know something is up.